DJI, the world’s largest consumer drone maker, is reportedly in the process of raising US$1 billion, at a valuation of around US$15 billion. According to Chinese media reports, the funding has received around 100 bid applications and is roughly 30-times oversubscribed. The company was not available to comment Friday, which is a public holiday in China. The Shenzhen-based company, officially known as Dajiang Innovations Science and Technology Co., Ltd., is a unicorn listed on China Money Network’s China Unicorn List with an earlier valuation …

Chinese Drone Maker DJI Said Raising $1B At $15B Valuation appeared first on China Money Network.


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